NOT LISTED FOR SALE

Estimated Value: $987,000 - $1,187,000

8 Beds
5 Baths
3,818 Sq Ft
$282/Sq Ft Est. Value

Last Sold June 20, 2014

Last sale price $569,000 $149 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $6,493/month

56 Days on Market

About This Home

As of June 2014

Very nice 4-unit apartment building located in a high rental location of Pomona at Garey and Olive. Great for owner-occupied or investment property.

Last Agent to Sell the Property

Hung Tran

Cali Home Realty License #00931318 Listed on: 04/01/2014

Co-Listed By

Vivienne Tran

Cali Home Realty License #01868629

Last Buyer's Agent

Kiet Truong

IRN REALTY License #01860551

IRN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,145

Year Built

  • Built in 1963

Lot Details

  • 7,237 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 3,818 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Additional Features

  • Suburban Location
  • Shared Septic

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 21939
  • Assessor Parcel Number 8331023051

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $780
  • Gardener Expense $780
  • Insurance Expense $1,500
  • Trash Expense $960
  • Water Sewer Expense $2,280
  • New Taxes Expense $5,800
  • Gross Income $3,805
  • Net Operating Income $33,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,145

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.72
  • Property Attached: No
  • Water Sewer Expenses: 2280.00
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 8331023051
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 149.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Shared Septic
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7237.00
  • Lot Size Acres: 0.1660

Multi Family

  • Electric Expense: 780.00
  • Gross Income: 3805.00
  • Gross Multiplier: 12.59
  • Gross Scheduled Income: 46860.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7237.0000 Square Feet
  • Net Operating Income: 33800.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13060.00
  • Rent Control: No
  • Total Actual Rent: 3805.00

Tax Info

  • New Taxes Expense: 5800.00
  • Tax Lot: 25
  • Tax Tract Number: 21939
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2014
Closed on
Jun 2, 2014
Sold by
Clark Kenneth C and Clark Michele A
Bought by
Zhu Linwei
Seller's Agent
Hung Tran
Cali Home Realty
Buyer's Agent
Kiet Truong
IRN REALTY
List Price
$590,000
Sold Price
$569,000
Premium/Discount to List
-$21,000
-3.56%
Current Estimated Value
$1,076,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,663
Avg. Annual Appreciation
5.82%

Purchase Details

Closed on
Jun 18, 2007
Sold by
The Pomona Valley Educational Foundation
Bought by
Clark Kenneth C and Clark Michele A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,250
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2004
Sold by
Redevelopment Agency Of City Of Pomona
Bought by
The Pomona Valley Educational Foundation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 19, 2001
Sold by
Gilliam Lorraine
Bought by
City Of Pomona Redevelopment Agency
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zhu Linwei $569,000 Orange Coast Title Company
Clark Kenneth C $595,000 Fidelity National Title
The Pomona Valley Educational Foundation $260,000 Fidelity Van Nuys
City Of Pomona Redevelopment Agency $218,465 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clark Kenneth C $446,250
Previous Owner The Pomona Valley Educational Foundation $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2014 06/20/14 Sold $569,000 -3.6% $149 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
04/01/2014 04/01/14 For Sale $590,000 -- $155 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,145 $697,502 $245,166 $452,336
2024 $9,145 $683,826 $240,359 $443,467
2023 $8,967 $670,419 $235,647 $434,772
2022 $8,823 $657,275 $231,027 $426,248
2021 $8,610 $644,389 $226,498 $417,891
2019 $8,789 $625,279 $219,781 $405,498
2018 $8,128 $613,020 $215,472 $397,548
2016 $7,617 $589,217 $207,106 $382,111
2015 $7,554 $580,368 $203,996 $376,372
2014 $6,692 $500,000 $352,900 $147,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14065885

California Regional Multiple Listing Service (CRMLS)

APN: 8331-023-051